Trump, tax bill
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Trump, Capitol Hill and GOP
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The GOP tax bill could boost the highest-earning Americans' incomes while hurting low earners, according to findings from nonpartisan research groups.
Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade. Despite those projections,
A key House committee advanced President Donald Trump’s giant tax and spending package after Republican hardliners won agreement from party leaders to speed up cuts to Medicaid health coverage.The House Budget Committee approved the legislation late Sunday night after a weekend of negotiations with four ultraconservatives on the panel who on Friday joined with Democrats to reject the legislation.
Deficit hawks who had blocked the measure two days earlier are still dissatisfied and want steeper spending cuts.
The White House said President Donald Trump's "big, beautiful bill" includes a 401K-style savings account for new parents and is "very pro-family."
The White House Council of Economic Advisers has released new taxpayer savings projections for President Donald Trump's "big, beautiful bill."
Conservatives have blocked President Donald Trump’s big tax breaks and spending cuts bill. House Republicans failed Friday to push it out of the Budget Committee.
Millions of Americans are at risk of losing access to Medicaid under the proposed legislation, which passed the House Energy and Commerce Committee (HECC). Representative Brett Guthrie, a Kentucky Republican and chair of the HECC, insisted that the changes will "strengthen and sustain" Medicaid for the future, calling them "common sense."